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US stocks higher on Greece debt deal US stocks close higher on Greece debt deal
(about 7 hours later)
(Open): Wall Street opened higher on Monday after eurozone leaders agreed to offer Greece a third bailout, after marathon talks in Brussels. (Close): Wall Street built on opening gains on Monday after eurozone leaders agreed to offer Greece a third bailout, after marathon talks in Brussels.
Not long after open the Dow Jones was up 178.25 points, or 1%, to 17,938.66. The S&P 500 rose 18.29 points, or 0.88%, to 2,094.91. The Dow Jones closed up 214.53 points, or 1.2%, at 17,979.94. The S&P 500 rose 22.98 points, or 1.11%, to 2,099.60.
The tech-heavy Nasdaq added 47.68 points, or 0.95%, 1.53%, to 5, 045.38. The tech-heavy Nasdaq added 73.82 points, or 1.48%, to 5, 071.51.
Software giant Microsoft was up by 1.68% after saying it would launch Windows 10 on 29 July. Software giant Microsoft was up by 2% after saying it would launch Windows 10 on 29 July. Other winners included Intel, Caterpillar and Nike.
Other winners included Goldman Sachs, JP Morgan Chase, and Home Depot.
There were no losers on the Dow in early trade.
The EU has spoken of up to €86bn (£61bn; $95bn) of financing for Greece over three years.The EU has spoken of up to €86bn (£61bn; $95bn) of financing for Greece over three years.
"For the markets, it's clearly a positive that there is an agreement among the European member states and that there is an atmosphere of co-operation," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels."For the markets, it's clearly a positive that there is an agreement among the European member states and that there is an atmosphere of co-operation," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.
"Still, there is a bit of execution risk which may haunt us in terms of volatility.""Still, there is a bit of execution risk which may haunt us in terms of volatility."